Trinity Industries: District Court Returns Verdict In False Claims Act Case

(RTTNews) - Trinity Industries Inc (TRN) said Monday that a jury in the U.S. District Court for the Eastern District of Texas returned a verdict against the company in a False Claims Act case and awarded $175 million in damages.

The company said it respects the jury's decision, even as it believes the decision cannot and will not withstand legal scrutiny. The company strongly believes the courts will affirm its position.

Trinity Industries, based in Dallas, Texas, is a diversified industrial company that owns businesses that provide products and services to the energy, transportation, chemical, and construction sectors.